Posted by: Roby Robertson | February 10, 2010

Lake Norman Foreclosure Opportunities

Plenty To Pick From with Lake Norman Foreclosures and Bank Owned Properties

I am so glad that Lake Norman area agents are now using the ‘Special Conditions’ field in our MLS to identify Bank Owned Properties.

For my Lake Norman area buyers, I prefer REO/Bank Owned Properties over Short Sales because the likely hood of them closing rises exponentially.

In the Lake Norman area (Areal 13), there are 51 homes for sale identified as Bank Owned.

These homes range in price from 112,000 to 1.8 million.

Of these 51 homes, 15 are described in the MLS as waterfront homes and of these 15, 8 are described as having a boat slip and/or floating dock.    These homes are priced from the high 400,000 to the mid 900,000.

Reviewing the entire Charlotte MLS area, there are 991 homes showing as bank owned with an average price of 181,000 and a high price of 2,065,000.

If you would like a list of Lake Norman Foreclosed homes  or Charlotte Foreclosed homes, please call 704 451 7051.


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